Examlex
In schematics, what do dashed lines between components indicate?
Debit
An accounting entry that results in either an increase in assets or a decrease in liabilities on a company's balance sheet.
Dividends Declared
Profits distributed by a company to its shareholders, usually determined by the board of directors, and not yet paid out.
Normal Balance
The side (debit or credit) of an account that is typically increased; for assets and expenses, it's a debit; for liabilities, equity, and revenue, it's a credit.
Debit
An entry recorded on the left side of an account in bookkeeping, indicating an increase in assets or expenses or a decrease in liabilities, equity, or income.
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